Businessman Denis O’Brien, who lost control of Digicel two years ago, is currently on track to double his stake in the company he founded to 20 per cent, on the back of ongoing improvements in its finances and a pickup in industry valuations, according to sources. Shares are currently changing hands at about $20 a piece in this market, albeit amid very thin volumes, according to market sources. A spokeswoman for Digicel and a spokesman for O’Brien did not respond to requests for comment. Market sources say that a conversion of the warrants into actual shares would most likely take place at the time of a sale of the business. The group’s earnings slumped over the following years amid declining voice sales and currency fluctuations across its markets, compounded by economic and political volatility in one of its key locations, Haiti.

Source: The Irish Times March 25, 2026 10:32 UTC